Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.046%
Price spread now: BingX against Injective+3.067%57s7-day average −1.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.096%−$10 on $10k
Price spread, last 3 days (all we have)−5.904%−$590 · spread now +3.067%, 7d avg −1.153%
Together, before fees−6.001%−$600 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 4.220% dearer against Injective than usual: you sell high and buy low: +$422 more if the spread goes back to its 7-day average of −1.153%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.14100.0033pay 0.0004% / 1h46m 24s$578$302K12x
ShortBingX NEAR-USDC4.26800.0100get 0.0100% / 8h46m 24s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14
Price spread: +3.067% → −1.153%
$421.96
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
$425.94
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell BingX live order book, 6 min ago1.16 bp11.5 bp −$1225.2 bp −$25259.7 bp −$5,965470.1 bp −$235.0K
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2690+3.090%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2678+3.062%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2739+3.210%$111K$59K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2692+3.096%$401K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2712+3.145%$203K150xas long as short
Injective NEAR/USDC PERPlong+0.0033%1h4.1410long leg$578$302K12x
Popdex NEARUSDT+0.0096%1h4.2730+3.188%$108K$496K50xas long as short
Bybit NEARUSDT+0.0099%8h4.2700+3.115%$219.4M$421.8M75xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2719+3.160%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2732+3.193%$3.0M$5.6M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.2765+3.272%$402K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2709+3.138%$252.9M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2720+3.163%$60.9M$285.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2730+3.188%$201K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3000+3.840%$245K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2693+3.098%$30.1M$58.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2700+3.115%$78.0M$140.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2740+3.212%$56.0M$43.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2697+3.108%$70.9M$126.2M75xas long as short
BingX NEAR-USDCshort+0.0100%8h4.2680+3.067%$6.6M
Variational Omni NEAR+0.0100%8h4.3020+3.887%$8.0M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2986+3.807%$245K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2963+3.751%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2990+3.816%$180K$788K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2741+3.214%$217K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2732+3.192%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2730+3.188%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2690+3.091%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2700+3.115%$3.9M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.2710+3.138%$4.0M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2720+3.163%$206K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2700+3.116%$7.4M$36.9M50xas long as short
01 Exchange NEARUSD+0.0200%1h4.2754+3.246%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2730+3.188%$13.0M$30.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0336%1h4.2707+3.132%$1.9M$2.3M25xas long as short
Lighter RH NEAR+0.0344%1h4.2791+3.335%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0314%1h4.2702+3.119%$274K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2762+3.264%$412K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0431%1h4.2742+3.217%$1.3M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2919+3.644%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0814%1h4.2705+3.128%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0879%8h4.2760+3.260%$457K$3.7M75xas long as short
Hyperliquid NEAR+0.1161%1h4.2770+3.284%$368.6M$298.2M10xas long as short
Aftermath Perps NEARUSD+0.1171%1h4.2947+3.712%$5K$11K10xas long as short
Lighter NEAR+0.1920%1h4.2860+3.502%$16.5M$23.7M15xas long as short